Mario Draghi

EconomyBloomberg

Mario Draghi Masks the Longer-Term Danger for Italy

Mario Draghi has given Italy a stature in Europe unparalleled in recent times. But his immediate success in becoming a guarantor for Italy in the eyes of Brussels and international investors masks a longer-term peril: Italy’s fractious national politics, and the rise of the country’s far right. The European Union...
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EuropeWashington Post

Mario Draghi was supposed to save Italy. He’s falling short.

Mattia Ferraresi is the managing editor of the Italian newspaper Domani. Italians did not just expect Mario Draghi to lead the government — they wanted him to save the country. In February, when the former European Central Bank head was selected as prime minister of Italy, people hoped he would...
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Economymoneyweek.com

Can Mario Draghi save Italy's economy?

Mario Draghi has a “grand plan” to transform Italy, says Hannah Roberts on Politico EU. The Italian prime minister wants to spend €222bn on a raft of projects, including rolling out high-speed internet, extending high-speed rail, “earthquake-proofing millions of homes” and improving the energy efficiency of public buildings. €191.5bn of the money will come from Next Generation EU, the EU’s landmark pandemic recovery fund. Another €30.6bn will come from extra Italian government borrowing.
BusinessTelegraph

Mario Draghi aims €221bn stimulus at Italy's ailing economy

Italian prime minister Mario Draghi is betting on a huge €221bn (£191bn) stimulus package of green investment and high-speed rail to spur on its post-Covid recovery. The former European Central Bank president - now leading a government of national unity - is set to unveil the plans next week, according to the Financial Times.
Politicswjpitch.com

The newest PM of Italy: what Mario Draghi could do for Europe

On February 13, President Sergio Mattarella appointed Mario Draghi, former head of the European Central Bank, to be Italy’s new Prime Minister. Nearly all quarreling parties in the Italian Parliament came together to support the new government, ushering in hopes that Draghi will pull the country out of decades-long economic stagnation with rarely-seen political unity.
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POTUSThe Conversation

Why Mario Draghi taking charge of Italy is great news for the EU (and also America)

The news that Mario Draghi has become prime minister of Italy has been saluted by many commentators as great news for the nation. Italy is in desperate need of a strong guide to save the country from one of its worst crises since the second world war, and the 73-year-old former president of the European Central Bank (ECB) is seen as having all the requisite skills.
PoliticsMarietta Daily Journal

Mario Draghi clears final hurdle to officially form Italian government

ROME — The government of new Italian Prime Minister Mario Draghi on Thursday cleared its last hurdle to taking power as it overwhelmingly won a confidence vote in the Chamber of Deputies. Draghi got through with a 535-56 vote, and five abstentions, thanks to the support of the two largest...
EconomyPosted by
Reuters

Breakingviews - EU support is mixed blessing for Mario Draghi

LONDON (Reuters Breakingviews) - The European Union’s support is a mixed blessing for Mario Draghi. Italy’s new prime minister on Wednesday laid out his plans for an ambitious overhaul of the public sector and judiciary to help the euro zone economy grow out of its debt. Cash from the EU’s recovery fund will help. But large-scale bond-buying by the European Central Bank, a policy that Draghi pioneered, means there’s less urgency for change.
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Public HealthThe Guardian

New prime minister, Mario Draghi, vows to speed up Italy's Covid vaccinations

Italy’s new prime minister, Mario Draghi, has pledged to speed up the country’s coronavirus vaccination programme as he presented his government’s priorities before a confidence vote in the upper house of parliament on Wednesday. In his much-anticipated maiden speech, Draghi, who was sworn into office on Saturday, said the government’s...
PoliticsThe Guardian

Italians want Mario Draghi to deliver 'normality' – and therein lies the danger

“Would it not be simpler for the government to dissolve the people and elect another?” Bertolt Brecht’s line is often quoted after dubious upsets in the democratic process – such as the imposition of Mario Monti’s austerity administration in Italy in 2011, or the crushing of Syriza’s aspirations in Greece in 2015. And yet, Mario Draghi’s top-down appointment as Italy’s new prime minister tells a different story, one that doubles as a cautionary tale for the rest of Europe.
EuropeThe Conversation

Mario Draghi: is Italy’s addiction to technocratic leaders a cause for concern?

Italy loves technocrats. The latest proof is the decision to install Mario Draghi, former governor of the Bank of Italy and former president of the European Central Bank, as prime minister. This followed the resignation of Giuseppe Conte, who lost the support of one of the parties that formed his parliamentary majority.
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POTUSMarketwatch

From SPACs to COVID-19 to Mario Draghi, here’s the highlights of what international corporate leaders have been discussing on earnings calls

As much as U.S. companies have suffered from the pandemic, their global competition has struggled even more. Fourth-quarter earnings per share for S&P 500 companies are on pace to rise 2.3%, while those for Europe, Australasia and Middle East (EAFE) are projected to slide 12.7%, according to data compiled by Credit Suisse using both actual company reports as well as analyst estimates. Revenue is forecast to edge up 0.7% in the U.S., compared with a 5.4% downturn in the EAFE regions.
Marketsinvesting.com

Comic: Mario Draghi Saved the Euro. Can He Save Italy?

Investing.com -- After saving the euro from speculative attack eight years ago, Mario Draghi has accepted arguably an even bigger challenge – saving Italy from itself. Italian assets have been on a tear since his name was first mentioned as the likeliest candidate to replace Giuseppe Conte as Prime Minister at the head of a government of national unity. The FTSE MIB has risen some 9.5% since the start of the month, compared to 5.7% for the Stoxx 600 (the outperformance is even greater if you strip out the Italian components of the latter).
BusinessFXStreet.com

Former ECB president Mario Draghi Italy's new Prime Minister

There are no big market movers today. Key data this week will be German ZEW (Tuesday), US retail sales (Wednesday) and Flash PMI for US and the euro area (Friday). FOMC minutes (Wednesday) will be scrutinized for any discussion on tapering of bond purchases. News on COVID and vaccines also continues to be in focus.
EuropePosted by
UPI News

Mario Draghi sworn in as Italy's new prime minister

Feb. 13 (UPI) -- Economist Mario Draghi was sworn in Saturday as Italy's new prime minister to lead the unity government in facing the COVID-19 crisis and economic fallout. Draghi, 73, former head of the European Central Bank, who has been nicknamed "Super Mario" for his role in saving the euro, has put together a unity government of the main political parties following political turmoil last month.